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Oct 11, 2012
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if you let the bush tax cuts expire as a whole, 80% of our deficit problems are taken care of with that, and it's an actual number, it's not 40 billion a year. it's an actual number. >> then you're raising taxes on the middle class. >> right, you're broadening the base. you're not going to be able to do that without -- >> but obama and romney pledged they don't want to raise taxes on the middle class. >> is it a realistic idea two years from now, three years from now? >> that's an important question, because as much as so many people, and i'm one of them, admire simpson-bowles and admire particularly i think the heroic contributions, and they really are, that alan simpson and erskine bowles made to get us close to a the resolution, it is a sweeping tax reform, and historically, tax reform has taken in the modern era years to do. the '86 tax act, the last time we had major tax reform in this country took four years to do, first introduced in '82 and so the idea that in the lame duck session we'll have big tax reform for the first two months of 2013 -- >> bowles and simpson would say get
if you let the bush tax cuts expire as a whole, 80% of our deficit problems are taken care of with that, and it's an actual number, it's not 40 billion a year. it's an actual number. >> then you're raising taxes on the middle class. >> right, you're broadening the base. you're not going to be able to do that without -- >> but obama and romney pledged they don't want to raise taxes on the middle class. >> is it a realistic idea two years from now, three years from now?...
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Oct 9, 2012
10/12
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we're trapped with quantitative easing and massive deficit buildups every year. someone has to grip it and if romney is the man, good. i'd like to see him give more leadership and say i'm the man, i've done this in private business and can do that for the country. >> i think he did that the other night very clearly. >> in the debate. >> back to what you said earlier, our current sitting president if you were to look at his resume, which we can't see because he won't let us have it, seriously, we don't know what grades he got, don't know where he went to college. >> don't we know that for romney, to he? >> absolutely. i have a trade for romney. i'll give you eight more years of tax returns, you unseal all your records that you won't let us see. tell me why you surrendered your law license in illinois and why did your wife surrender her license in illinois. let us know why. you're running for the presidency. you don't have a private life anymore. it's gone. you made that decision when you said i'm running for president. what i'm saying is, we know one thing about m
we're trapped with quantitative easing and massive deficit buildups every year. someone has to grip it and if romney is the man, good. i'd like to see him give more leadership and say i'm the man, i've done this in private business and can do that for the country. >> i think he did that the other night very clearly. >> in the debate. >> back to what you said earlier, our current sitting president if you were to look at his resume, which we can't see because he won't let us...
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Oct 12, 2012
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. >> 180% of gdp, their deficit. we're 9%. so always a good idea to spend more money than you're take manage to try to get out of a recession. that's where you're at right now. so what you're doing is a government telling you that there will be inflation, we're going to keep interest rates very low. what that does, it encourages corporations to invest. the corporation sitting there with $2 trillion on their balance sheets and what they have to do, they have to invest to create jobs. the government is saying you can leave it there and wait for a disaster, but if you do, it will go down in value 4% every year and, therefore, encourage people to lower the dollar. that makes products worth more. so we're trying to encourage people to build products and plants. >> we had lloyd blankfein and simpson and bowles talking about the fiscal cliff. this is what lloyd blankfein had to say. >> i'd be a buyer of the market. goldman sachs would -- we not only value company, we're a company ourselves. we would be assuming that our business woul
. >> 180% of gdp, their deficit. we're 9%. so always a good idea to spend more money than you're take manage to try to get out of a recession. that's where you're at right now. so what you're doing is a government telling you that there will be inflation, we're going to keep interest rates very low. what that does, it encourages corporations to invest. the corporation sitting there with $2 trillion on their balance sheets and what they have to do, they have to invest to create jobs. the...
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Oct 8, 2012
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before we get to the deficit and all of the debates last week. were you depressed, unhappy, miserable? give us an adjective. >> well one, i'm not depressed. i see joe smiling. he's not going to yell at me today. >> there's a number of polls, an enthusiasm gap. >> i wouldn't say that. governor romney had a very good debate, no question, he put on a great show, but to me i think we should be focusing, this is a business show on friday's unemployment number, which was a great number, and not a surprise, based on what the economy's been doing over the last three years. >> 114,000 is not a great number. >> 140,000 on average over the last six months. >> what came out on friday was below expectations for 114,000. >> you know what revisions has done each month so we should look to see where the revisions are. i think if you look over this year, you're averaging about 140,000, i think we should -- >> 140,000 is anemic and not enough to bring down the rate even though it has somehow. >> i would look at it differently. i think over the last three years the
before we get to the deficit and all of the debates last week. were you depressed, unhappy, miserable? give us an adjective. >> well one, i'm not depressed. i see joe smiling. he's not going to yell at me today. >> there's a number of polls, an enthusiasm gap. >> i wouldn't say that. governor romney had a very good debate, no question, he put on a great show, but to me i think we should be focusing, this is a business show on friday's unemployment number, which was a great...
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Oct 10, 2012
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rates, we should close all these loopholes and take that and take all the money and put it toward the deficit. now, there could be an argument for that, but i think the dangerous thing about him saying it is going and saying it to the national press club instead of being serious and working with the gang of eight and mark warner trying to reach some sort of agreement that you can bring both sides of the aisle to. going out there and saying stuff like that. it's incendiary. >> by the way -- >> are you trying to blame him for that? was there a camera? >> i just want to understand one thing, we clearly know that under obama, tax rates are going to go up at the top. >> obama care they are. >> well -- >> you think there's a misunderstanding among either romney supporters or a misunderstanding about romney's position on this issue? >> romney told everybody in the debate. he said if you're an upper income player, don't expect you're getting any help this time around. he said it. >> do you think people six months ago thought they were getting help? >> i think that was in their wheel house. >> but the
rates, we should close all these loopholes and take that and take all the money and put it toward the deficit. now, there could be an argument for that, but i think the dangerous thing about him saying it is going and saying it to the national press club instead of being serious and working with the gang of eight and mark warner trying to reach some sort of agreement that you can bring both sides of the aisle to. going out there and saying stuff like that. it's incendiary. >> by the way...